Archer Daniels earnings, revenue rise above expectations

NEW YORK (MarketWatch) -- Archer Daniels Midland
ADM, +1.26%
said fiscal second-quarter earnings rose to $441.3 million, or 67 cents a share, from $367.7 million, or 56 cents a share, a year earlier. Revenue for the quarter ending December increased 18% to $10.98 billion from last year's $9.3 billion. Analysts surveyed by Thomson Financial had been expecting earnings of 60 cents a share and revenue of $9.52 billion, on average. Shares of the Decatur, Ill. soybeans, corn wheat and cocoa processor closed Wednesday up 52 cents at $32.

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